The upcoming Double Taxation Agreement (DTA) between New Zealand and Australia has taken one step towards to coming into effect after a Governmental signing of an Order of Council for the document. The New Zealand Government has begun to incorporate the DTA into the country's law system through a signing of an Order in Council on February 17th, according to Peter Dunne, New Zealand Revenue Minister. Once the legal incorporation is complete for both nations the DTA will come into full effect. Australia ... Read More

The On December 7th, Governments of New Zealand and Belgium signed a second protocol amending their currently active Double Taxation Avoidance (DTA) agreement. The second protocol to the New Zealand-Belgium DTA was created to ensure the standing agreement's relevance and applicability to the current tax laws of both countries. The DTA agreement is required to be amended in both countries before the second protocol can come into legal effect, in New Zealand this is done by Order in Council. Peter Dunne claimed ... Read More

The New Zealand economy is showing definite signs of recovery, though warnings have been given not to over-estimate its pace. According to statements made by John Key, New Zealand Prime Minister, and reports by the New Zealand Reserve Bank, the economy will continue to recover over the second half of 2009. The Prime Minister said that the New Zealand GDP in the fourth quarter will be “quite good” and that the third quarter figure “won't be bad either”. The recovering economic figures ... Read More